Square Crypto's first employee talks open-source bitcoin development and small-team funding models

Quick Take

  • Square Crypto is a small team focused on open source development in the bitcoin ecosystem, now honing in on opportunities within the Lightning Network
  • Funding for open source development can be challenging, requiring firms to find a big backer, turn for profit or seek donations
  • Square Crypto has managed to avoid these challenges with backing from Square CEO Jack Dorsey, and project leader Steve Lee says he hopes the ecosystem will move towards a similar, small team-led model.
Square Crypto's team is small with big backing to develop open source material. An ecosystem full of small development teams with different backers could mean decentralized development.

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